When charles kaldec of forbes reminded us yet again of president obamas willful refusal to seriously consider the advice of the former chair of his council of economic advisers, it became apparent that something was about to happen. There are 29 sections for empirical applications, which is quite unusual for an economic textbook. The peaktotrough decline is calculated using the actual peaks and troughs in the industrial production series. In it, she departs from her exbosss views and points out some of the pitfalls of raising the minimum wage.
The best books on learning from the great depression a five. Christina romer chair, council of economic advisers. Romer, by the way, is the son of roy romer, former colorado governor and famous builder of airports. This series is described in the appendix to remeasuring business cycles by christina d.
Interview with christina and david romer federal reserve bank of. Economics 211,economic history seminar, spring 2020. Paul romer biography, wiki, age, wife, children, nobel. Paul michael romer born november 6, 1955 is an american economist who is a university professor on leave at new york university. Romers work scans the vast literature of economic models and lays them out one by oneand then critiques each of themso this is a real textbook, rather than a treatise. After her nomination and before the obama administration took office, romer worked with economist jared bernstein to coauthor the administrations plan for recovery from the 2008 recession. See the complete profile on linkedin and discover christina. She joined the berkeley faculty in 1988 and was promoted to full professor in 1993. Wilson professor of economics at the university of california, berkeley and a former chair of the council of economic advisers in the obama administration. Christina duckworth romer is the class of 1957 garff b. The best books on learning from the great depression a.
Christina romer is a professor of economics at the university of california, berkeley, and codirector of the program in monetary economics at the national bureau of economic research. Professor romer is codirector of the program in monetary economics at the national bureau of economic research, and is a member of the nber business cycle dating committee. Larry summers, christina romer, timothy geithner, barack obama, ben bernanke, and sheila bair at the white house in 2009. She served as chair of president barack obamas council of economic advisers from 2009 to 2010. Department of economics university of california, berkeley berkeley, ca 947203880. Mandel ngan getty when barack obama took office, he faced. In 2018, was awarded the nobel prize in economics jointly with william nordhaus for integrating technological innovations into longrun macroeconomic analysis. Christina romer knows tax hikes will kill the recovery.
Posted with the permission of the american economic. Romer, examines the impact of tax increases and reductions on. Romer is a professor of economics at the university of california, berkeley, and codirector of the program in monetary economics at the national bureau of economic research. The aer paper, coauthored with her husband and fellow uc berkeley professor, david h. Many of my students assume that government protection is the only thing ensuring decent wages for most american workers. He was a corecipient of the nobel memorial prize in economic sciences shared with william nordhaus in 2018. Maureen burke profiles christina romer, former chair of the u. Oct 08, 2018 paul romer full name paul michael romer, is an american economist, a nobel laureate, and policy entrepreneur. A pioneer of endogenous growth theory, he received the prize for integrating technological innovations into longrun macroeconomic analysis. Romer presidentelect obamas choice of christina romer to head his council of economic advisers brings a wellknown and wellrespected academic into his administration. Read book romer advanced macroeconomics solutions romers advanced macroeconomics, 4e, continues its tradition as the standard text and the starting point for graduate macroeconomic courses and helps lay the david romers advanced macroeconomics, 3e is the standard text and the starting point for romer advanced macroeconomics 4th edition.
Business cycles econlib the library of economics and. In june of last year, ms romer authored a guest economics focus for the economist, titled the lessons of 1937 the 1937 episode provides a cautionary tale. She has served as a member of the brookings panel on economic activity and has earned the national science foundations presidential young investigator award. Christina romer was appointed to be the head of obamas team of economic advisors. Romer was chair of the council of economic advisers cea in the obama administration, from jan. Feb 19, 2018 the fifth edition of romer s advanced macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. University of california at berkeley economics professor christina romer talks about what the great depression can teach us about economic policy. The signs that she was about to be proven correct had been turning up everywhere. Christina romers toxic cookbook the daily reckoning. Christina romer, former chair of the council of economic advisers, and her husband david, both professors at the university of californiaberkeley, have written a new paper that finds post. Worklife balance and the economics of workplace flexibility. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.
Christina romer economist world news, politics, economics. Use features like bookmarks, note taking and highlighting while reading advanced macroeconomics mcgraw hill economics. Interview with professor christina romer berkeley, 2019 2020 keynes lecturer. He was born on november 7, 1955 in denver, colorado, u. Paul earned a bachelor of science in mathematics from the university of chicago. Christina romer, 49, has known several members of obamas inner circle for years.
Oct 08, 2018 david warshs knowledge and the wealth of nations. Christina romer is the former chair of the council of economic advisers, appointed by president barack obama to design a response to the great recession. Buy advanced macroeconomics mcgrawhill economics book. Professor christina romer presents the 20192020 keynes lecture on the narrative approach to establishing causation in macroeconomics. World war i and the postwar depression a reinterpretation based on alternative estimates of gnp, journal of monetary economics, elsevier, vol. Economics 210a, introduction to economic history, spring 2015.
Could a memo by christina romer have saved the economy. Advanced macroeconomics mcgraw hill economics kindle edition by romer, david. Romers historical account only makes sense if one has an a priori commitment to the remedial role of deficit spending. He is also the husband and close collaborator of council of economic. The upshot was the trouble with macroeconomics, a scathing critique that landed among romers peers like a grenade. She is a proclaimed keynesian while most of her work has undermined the keynesian theories.
Romer, examines the impact of tax increases and reductions on u. Economics 210ceconomics 236a, macroeconomic history, fall 2018. Wilson professor of economics at the university of california berkeley. Christina romer is economics professor in berkeley, calif. Economist christina romer details recovery act news. She resigned from her role on the council of economic advisers on september 3, 2010. Nov 21, 2011 earlier this month, former obama administration economic adviser christina romer delivered a lecture at hamilton college in upstate new york in which claimed fiscal stimulus is effective. David henderson from the hoover institute via asks will the. The fifth edition of romers advanced macroeconomics continues its tradition as the. Advanced macroeconomics romer, david 9781260185218. Oct 18, 2019 interview with professor christina romer berkeley, 2019 2020 keynes lecturer. Development of the american economy, economic fluctuations and growth, monetary economics, public economics. Is the stabilization of the postwar economy a figment of the data.
The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Apr 23, 2012 the aer paper, coauthored with her husband and fellow uc berkeley professor, david h. Romer is a professor for economics in the university of california, berkeley with 20 videos in the cspan video library. The fifth edition of romers advanced macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. Nov 18, 2016 the upshot was the trouble with macroeconomics, a scathing critique that landed among romers peers like a grenade. Quotations by christina romer, american economist, born december 25, 1958. Wilson professor of economics at the university of california, berkeley, and a research associate of the national bureau of economic research. If i am to recommend a macroeconomic textbook to mediumadvanced level. David henderson from the hoover institute via asks will the real christina romer please stand up.
In a time of febrile politics, with antiestablishment revolts breaking. Yet a simple glance at the big picture shows that the keynesian story makes no sense. Christina romers new paper blows up obamas financial. Paul romer biography, wiki, age, wife, children, nobel prize. Romer presents the major theories concerning the central questions of macroeconomics. The series before 1919 is an adjusted and smoothed version of the mironromer index of industrial production. A story of economic discovery, is the book on romer for the ages, a truly splendid creation on both the science and the person. As a graduate student at the massachusetts institute of technology, she was a favorite of a young assistant. Christina romer writes in the economic report of the president that her staff at the council of economic advisors is the best since the 1960s. Then the bureau of labor statistics reported that the u. Nov 07, 2014 christina romer, former chair of the council of economic advisers, and her husband david, both professors at the university of californiaberkeley, have written a new paper that finds post. Economics 210c economics 236a, macroeconomic history, fall 2018. Wilson professor of economics at the university of california, berkeley.
Mar 04, 20 former obama economist christina romershe was the chairman of the presidents council of economic advisershas a good, though not excellent, piece on the minimum wage in the new york times. Nations with higher levels of government debt relative to the size of their economies tend to suffer more following financial crises than countries with lower debt levels, finds a new study coauthored by economics professor christina and david romer. View christina romers profile on linkedin, the worlds largest professional community. He is married to christina romer, with whom he frequently collaborates. Christina romer, chair of the council of economic advisers to president obama, recently wrote an ode to keynesian deficit spending as a method for curing severe recessions. The study builds on their prior research, and helps explain the reasons for the discrepancy. Estimates based on a new measure of fiscal shocks christina d. Enjoy the best christina romer quotes at brainyquote. A reinterpretation based on alternative estimates of gnp, journal of monetary economics, 22 07 1988, pp. Interview with christina and david romer federal reserve. The rebel economist who blew up macroeconomics bloomberg. Christina romers new paper blows up obamas financial crisis.